Hartford Investment Management Co. trimmed its position in Jefferies Financial Group Inc (NYSE:JEF) by 7.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,862 shares of the financial services provider’s stock after selling 2,444 shares during the period. Hartford Investment Management Co.’s holdings in Jefferies Financial Group were worth $542,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Worldquant Millennium Quantitative Strategies LLC grew its stake in Jefferies Financial Group by 27.3% in the fourth quarter. Worldquant Millennium Quantitative Strategies LLC now owns 30,704 shares of the financial services provider’s stock worth $533,000 after purchasing an additional 6,593 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in Jefferies Financial Group in the fourth quarter worth about $1,012,000. Crossmark Global Holdings Inc. grew its stake in Jefferies Financial Group by 26.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 84,640 shares of the financial services provider’s stock worth $1,469,000 after purchasing an additional 17,680 shares in the last quarter. Prudential Financial Inc. grew its stake in Jefferies Financial Group by 45.4% in the fourth quarter. Prudential Financial Inc. now owns 1,824,482 shares of the financial services provider’s stock worth $31,673,000 after purchasing an additional 569,942 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in Jefferies Financial Group by 2.7% in the fourth quarter. Great West Life Assurance Co. Can now owns 6,019,409 shares of the financial services provider’s stock worth $101,391,000 after purchasing an additional 157,410 shares in the last quarter. Institutional investors and hedge funds own 76.03% of the company’s stock.
JEF stock traded down $0.01 during midday trading on Wednesday, reaching $18.29. The company had a trading volume of 1,645,356 shares, compared to its average volume of 1,480,020. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.00. The company has a market cap of $5.49 billion, a P/E ratio of 22.58 and a beta of 1.36. Jefferies Financial Group Inc has a fifty-two week low of $16.20 and a fifty-two week high of $25.07.
Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings data on Thursday, March 28th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.10). The business had revenue of $828.40 million for the quarter, compared to analyst estimates of $1.03 billion. Jefferies Financial Group had a return on equity of 6.70% and a net margin of 10.07%. The company’s revenue was down 7.5% compared to the same quarter last year. Analysts expect that Jefferies Financial Group Inc will post 1.16 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, May 17th. This represents a $0.50 annualized dividend and a dividend yield of 2.73%. Jefferies Financial Group’s dividend payout ratio is presently 61.73%.
A number of equities analysts have commented on JEF shares. ValuEngine upgraded Jefferies Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Zacks Investment Research downgraded Jefferies Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, March 15th.
Jefferies Financial Group Profile
Jefferies Financial Group Inc, a financial services company, engages in investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, and Asia. the company also offers equities research, sales, and trading services; equity finance services comprising financing, securities lending, and other prime brokerage services; and wealth management services to high net worth individuals, their families and businesses, private equity and venture funds, and small institutions.
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